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Buy NRB Bearings; target of Rs 175: ICICI Direct

ICICI Direct is bullish on NRB Bearings recommended buy rating on the stock with a target price of Rs 175 in its research report dated November 15, 2021.

November 17, 2021 / 03:06 PM IST
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ICICI Direct's research report on NRB Bearings

NRB was incorporated in 1965 as an Indo-French venture and pioneered the production of needle and roller bearings in India. NRB is India’s largest needle and cylindrical roller bearings producer. Today 90% of vehicles on Indian roads run on NRB parts • It exports its product to many countries such as France, Italy, US, Mexico, Brazil, Thailand and Bangladesh. It has a revenue breakup of 78% from domestic sales and 22% from export.


We value NRB at Rs 175 i.e. 18x P/E on FY23E EPS.

For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Nov 17, 2021 03:06 pm

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